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Vladimir Rodzianko — Oil-rich Venezuela is abandoning the US petrodollar, plans to introduce new international payment system

Summary:
In an address to a new legislative superbody, Maduro said:  “I am announcing that Venezuela intends to introduce a new international payment system and to create a currency basket for the liberation from the dollar and, [we intend] to free ourselves from the clutches of the dollar, the currency that is strangling our country.”  “If they pursue us with the dollar, we’ll use the Russian rouble, the yuan, yen, the Indian rupee, the euro,” Maduro said.... Another wipe at what's left of Bretton Woods.The Duran Oil-rich Venezuela is abandoning the US petrodollar, plans to introduce new international payment systemVladimir Rodzianko

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In an address to a new legislative superbody, Maduro said: 
“I am announcing that Venezuela intends to introduce a new international payment system and to create a currency basket for the liberation from the dollar and, [we intend] to free ourselves from the clutches of the dollar, the currency that is strangling our country.” 
“If they pursue us with the dollar, we’ll use the Russian rouble, the yuan, yen, the Indian rupee, the euro,” Maduro said....
Another wipe at what's left of Bretton Woods.

The Duran

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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